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 Pepe is a nickname and the others don’t exist 
 That's disappointing 😔 
 Pipi is to pee so I guess that is real 🤣🤣🤣 
 Agree, the meme is sort of making fun of Spanish names. But also: https://www.babynamespedia.com/meaning/Pipo 
 I’ve never heard of pipo before lol

There is a nickname, pipón which means fat fuck 🤣 
 That's when Pipo eats too much churros